Florida Mortgage Rates – Evening Report

by Florida's #1 Mortgage Planner on September 8, 2008

Locking Stance:  LOCKING     Mortgage Bonds:  +116bp

Remember what I said in my special report and then informed you again in my last one?  A retracement is all but guaranteed and this rally was going to have a pullback.  I said be ready to lock at a moment’s notice because it could happen very fast.  We are now back down to +116bp, which sounds great except that we were up over 150bp before.

I hope you all didn’t get burned, or hopefully you can lock still before losing all of those gains.  As for tomorrow, no data scheduled, but you can expect more of the same, though rallies will likely not be that great, and odds are more pullbacks remain without anything new to support a rally.

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